2001 Honda Odyssey Insurance Rates – 10 Tips for Cheaper Quotes

Want cheaper insurance rates for your Honda Odyssey? Nobody enjoys paying for insurance, particularly when the cost is way too high.

Big-name insurance companies like State Farm, Geico and Farmers Insurance constantly blast consumers with catchy ads and it is difficult to see past the corporate glitz and do the work needed to find the best deal.

Consumers need to get comparison quotes on a regular basis because rates are rarely the same from one policy term to another. Just because you had the lowest rates for Odyssey coverage last year you can probably find a lower rate today. Block out anything you think you know about insurance because I’m going to let you in on the secrets to the fastest and easiest way to find better coverage at a better price.

How to Compare Car Insurance Costs

There are several ways to shop for Honda Odyssey car insurance, but one way is more efficient than others. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you can utilize online quoting to get prices fast.

Many of the larger companies belong to an insurance system that enables customers to only type in their quote data once, and every company provides a quote based on the submitted data. This prevents consumers from doing quote forms for each company you want a rate for.

To compare 2001 Honda Odyssey rates using this form now click here to open in new window.

The one downside to using this type of form is that you can’t choose which companies to get pricing from. So if you want to select specific providers to compare, we have a listing of car insurance companies in your area. Click here to view list.

It’s up to you which method you use, but make darn sure you compare exactly the same coverage information on every quote. If you enter differing limits it will be impossible to determine which rate is truly the best. Quoting even small variations in limits may cause a big price difference. Just remember that getting more free quotes provides better odds of finding better pricing.

Policy discounts you shouldn’t miss

Auto insurance companies don’t always advertise all their discounts very well, so we break down both well-publicized and the more hidden ways to save on insurance coverage.

  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Homeowners Savings – Owning a home may trigger a insurance coverage policy discount because owning a home requires personal responsibility.
  • Paperless Signup – Certain companies give back up to $50 just for signing your application online.
  • Theft Prevention Discount – Anti-theft and alarm systems help deter theft and earn discounts up to 10%.
  • Safe Driver Discount – Drivers who don’t get into accidents may save up to 50% more for Odyssey coverage than less cautious drivers.
  • Life Insurance Discount – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • Sign Early and Save – Some companies give discounts for switching policies prior to your current policy expiration. It can save you around 10%.
  • Use Seat Belts – Drivers who require all occupants to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • Government Employees – Being employed by or retired from a federal job can save as much as 8% for Odyssey coverage depending on your company.
  • New Car Discount – Insuring a new car can be considerably cheaper compared to insuring an older model.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Some only apply to the cost of specific coverages such as comp or med pay. Even though it may seem like you would end up receiving a 100% discount, it just doesn’t work that way.

Insurance companies that possibly offer some of the above discounts include:

Check with each company what discounts are available to you. Some discounts may not be available in your area.

Insurance agents can help

When it comes to buying adequate coverage, there really is no perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your situation would benefit from professional advice.

  • Are my friends covered when driving my 2001 Honda Odyssey?
  • What is PIP insurance?
  • Can my babysitter drive my car?
  • Is business equipment covered while in my vehicle?
  • Exactly who is provided coverage by my policy?
  • When would I need rental car insurance?
  • What is the difference between comprehensive and collision coverage?
  • Am I covered when pulling a rental trailer?
  • What if I owe more than I can insure my car for?
  • Should I buy additional glass protection?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Auto insurance specifics

Having a good grasp of auto insurance can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverage types offered by auto insurance companies.

Collision coverage protection

This coverage covers damage to your Odyssey from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as crashing into a building, damaging your car on a curb, rolling your car, hitting a mailbox and hitting a parking meter. This coverage can be expensive, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, vandalism, rock chips in glass and falling objects. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Auto liability

Liability insurance will cover injuries or damage you cause to a person or their property in an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for claims such as funeral expenses, medical expenses, structural damage and attorney fees. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like dental work, prosthetic devices and chiropractic care. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Affordable insurance is out there

When trying to cut insurance costs, it’s very important that you do not reduce coverage to reduce premium. There are many occasions where someone dropped liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

Cheaper 2001 Honda Odyssey insurance is definitely available on the web as well as from independent agents, so you should compare both in order to have the best chance of saving money. Some insurance companies don’t offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

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